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FIBRA HD Services SC (MEX:FIBRAHD15) Receivables Turnover : 2.29 (As of Sep. 2023)


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What is FIBRA HD Services SC Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. FIBRA HD Services SC's Revenue for the three months ended in Sep. 2023 was MXN154.3 Mil. FIBRA HD Services SC's average Accounts Receivable for the three months ended in Sep. 2023 was MXN67.3 Mil. Hence, FIBRA HD Services SC's Receivables Turnover for the three months ended in Sep. 2023 was 2.29.


FIBRA HD Services SC Receivables Turnover Historical Data

The historical data trend for FIBRA HD Services SC's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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FIBRA HD Services SC Receivables Turnover Chart

FIBRA HD Services SC Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.13 13.81 5.63 3.28 2.72

FIBRA HD Services SC Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.46 1.11 1.01 4.90 2.29

Competitive Comparison of FIBRA HD Services SC's Receivables Turnover

For the REIT - Diversified subindustry, FIBRA HD Services SC's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


FIBRA HD Services SC's Receivables Turnover Distribution in the REITs Industry

For the REITs industry and Real Estate sector, FIBRA HD Services SC's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where FIBRA HD Services SC's Receivables Turnover falls into.



FIBRA HD Services SC Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

FIBRA HD Services SC's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Receivables Turnover (A: Dec. 2022 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2022 ) / ((Accounts Receivable (A: Dec. 2021 ) + Accounts Receivable (A: Dec. 2022 )) / count )
=567.49 / ((187.751 + 230.03) / 2 )
=567.49 / 208.8905
=2.72

FIBRA HD Services SC's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

Receivables Turnover (Q: Sep. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2023 ) / ((Accounts Receivable (Q: Jun. 2023 ) + Accounts Receivable (Q: Sep. 2023 )) / count )
=154.258 / ((11.105 + 123.418) / 2 )
=154.258 / 67.2615
=2.29

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


FIBRA HD Services SC  (MEX:FIBRAHD15) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.


FIBRA HD Services SC Receivables Turnover Related Terms

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FIBRA HD Services SC (MEX:FIBRAHD15) Business Description

Traded in Other Exchanges
Address
Avenue Santa Fe No. 428, Tower 1, OF. 202, Mexico, MEX
FIBRA HD Services SC is a real estate investment trust. The company is engaged in the acquisition of diversified properties.

FIBRA HD Services SC (MEX:FIBRAHD15) Headlines

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